This Travel Stock Is Making a Big Move

The way this market writhes, you can't count of a given sector to provide opportunity...but if you look for specific stocks, you can find very attractive buys, writes Timothy Lutts of Cabot Wealth Advisory.

Sentiment indicators suggest more upside is likely in the weeks and months ahead. But until I see consistent strength—not just bounces from oversold positions—I think some caution is still warranted.

But there are bright spots, and if you have cash to invest and you manage your risk properly, you can take advantage of them. For example:

Concur Technologies (CNQR)
This company has a great chart, indicating that growing numbers of investors are becoming aware of the stock, learning about the company's business and investing in it because they think the future is bright.

If you're a user, I don't need to tell you about it. If you're a user, you may already be an investor in the company! But if you're not, here's what you should know.

In 19 years, Concur has grown to become the world's leading provider of integrated travel and expense-management solutions. It has over 15,000 corporate clients with more than 15 million individual users in more than 100 countries. And it's still growing at a good clip, with revenues up 28% in its fiscal second quarter.

That's all good, but last week the story got even better. Last week, the company announced it had been selected by the US General Services Administration (GSA) to manage online travel booking, authorizations, and voucher processing for all federal agencies. That's huge news, given that the GSA has about 3 million civilian employees.

The stock spiked higher on big volume on the news, and broke out to a new high two days later as the broad market (thanks to Spain) rallied to provide a supportive environment.

That means the stock moves to near the top of my watch list. If it does well, I may write about it again.